DUBLIN, Feb. 11, 2019 /PRNewswire/ —
The “Dye-Sensitized Solar Cells Market by Application, by Geography – Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023” report has been added to ResearchAndMarkets.com’s offering.
Dye-sensitized solar cells market is projected to reach $60,589.4 thousand by 2023, the market growth is driven by increasing integration of dye-sensitized solar cells with building-integrated photovoltaics (BIPVs) and building-applied photovoltaics (BAPVs) in commercial and residential installations.
Based on application, the dye-sensitized solar cells market is categorized into portable charging, BIPVs, BAPVs, embedded electronics, outdoor advertising, solar chargers, wireless keyboards, emergency power in military, automotive-integrated photovoltaics (AIPVs), and others (light intensity meters and consumer appliances). In 2017, BIPVs accounted for the largest share in terms of value, constituting a market share of more than 20.0% in the global market. This is attributable to growing application of BIPVs in pre-existing and forthcoming installations, globally. Thus, increasing the demand for dye-sensitized solar cells in BIPVs in construction industry.
Globally, the APAC dye-sensitized solar cells market is expected to witness the fastest growth, constituting a CAGR of 14.0%, in terms of value, during the forecast period. The increasing regulatory pressure is expected to endorse regional economies such as China, India, Thailand, and Vietnam to augment their energy generation via renewable sources such as solar energy. As a result, the region is expected to witness major capacity additions of photovoltaic (PV) modules for generation of electricity.
The properties of dye-sensitized solar cells such as flexible in nature, high durability, low susceptibility to changes in performance with weather abnormalities, low-cost, ease of fabrication process, and high performance-to-weight ratio are expected to conceptualize the adoption of these cells in the PV modules.
Additionally, government policies and initiatives entailing reduction of GHG emissions and of carbon footprint, and development of smart cities are likely to encourage adoption rates of BIPVs in commercial and residential installations, thereby, increasing demand for dye-sensitized solar cells.
The dye-sensitized solar cells market in China is expected to witness the fastest growth, globally. The market is expected to witness a CAGR of 16.1% in terms of value during the forecast period. The country is a major construction hub and is expected to witness large-scale construction of smart buildings. Additionally, the country has been a pioneer in innovation for dye-sensitized solar cells and has high adoption of PV modules.
The country has the highest solar power capacities in the world. It added 72.0 gigawatts of solar power capacity to its energy portfolio in 2017. The development of construction projects envisaging application of BIPVs is likely to encourage the deployment of dye-sensitized solar cells in building facades, ceilings, louvres, and rooftops, and thereby driving market growth in the country.
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Application
220.127.116.11 Portable charging
18.104.22.168 Building-integrated photovoltaics (BIPVs)
22.214.171.124 Building-applied photovoltaics (BAPVs)
126.96.36.199 Embedded electronics
188.8.131.52 Outdoor advertising
184.108.40.206 Solar chargers
220.127.116.11 Wireless keyboards
18.104.22.168 Emergency power in military
22.214.171.124 Automobile-integrated photovoltaics (AIPVs)
4.2 Value Chain Analysis
4.3 Technology Dynamics Analysis
4.4 Market Dynamics
126.96.36.199 Research, innovation, and commercialization of dye-sensitized solar cells
188.8.131.52 Increasing usage of solar power
184.108.40.206 Growing market demand for BIPVs
220.127.116.11 Government regulations and policies supporting the adoption of solar modules
18.104.22.168 Impact analysis of drivers on market forecast
22.214.171.124 Low power production efficiency of dye-sensitized solar cells
126.96.36.199 Impact analysis of restraint on market forecast
188.8.131.52 Advancements in the fabrication technology
184.108.40.206 Increasing adoption of solar energy in emerging economies for power generation purposes
Chapter 5. Raw Material, Supply Chain, and Pricing Analysis
5.1 Raw Material Analysis
5.2 Raw Material Price Analysis
5.2.1 Titanium Dioxide
5.3 Raw Material Sourcing – Geographical Hotspots
5.4 Domestic Price Analysis, By Region
Chapter 6. Global Market Size and Forecast
6.1 By Application
6.2 By Region
For more information about this report visit https://www.researchandmarkets.com/research/3wgvj8/global?w=5
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